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Court shields Fed governor Lisa Cook, curbing presidential power over the central bank

1 min read
Source: The Guardian
Court shields Fed governor Lisa Cook, curbing presidential power over the central bank
Photo: The Guardian
TL;DR

The Supreme Court ruled 5-4 that President Trump could not immediately remove Federal Reserve governor Lisa Cook because he had not provided the statutory due-process protections, allowing her to remain on the Fed while she contests mortgage-fraud allegations and signaling a constraint on presidential power over the central bank.

Topics:nationbusiness#business#central-bank-independence#fed#lisa-cook#presidential-authority#supreme-court
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  1. US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional  The Guardian
  2. Supreme Court rules Trump can fire leaders of independent agencies, overturning precedent  NBC4 Washington
  3. Supreme Court Cook Ruling Is Setback for Pulte’s Fraud Campaign  Bloomberg.com
  4. Supreme Court expands Trump’s power over the federal bureaucracy  The Washington Post
  5. Court allows Trump to fire FTC commissioner and overturns major restraint on presidential power  SCOTUSblog

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